Clearwire (CLWR), which owns valuable spectrum assets, is up 7.9% in the wake of Verizon's (VZ)...

|By:, SA News Editor

Clearwire (CLWR), which owns valuable spectrum assets, is up 7.9% in the wake of Verizon's (VZ) spectrum purchase, adding to yesterday's gains. The Street appears pleased not just with Comcast (CMCSA) and Time Warner's (TWC) windfall, but also with the fact they're retreating (for now, anyway) from the wireless space, where they've struggled to compete. Cox recently gave up on its own mobile efforts.